US Adopts Submarine Cable Rules to Address China Security Risk
The move aims to strengthen US leadership in artificial intelligence and next-generation technologies by targeting the vast global network of subsea cables that carry about 99% of the world's Internet traffic and support more than $10 trillion in financial transactions daily.
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ZipRecruiter Announces Second Quarter 2025 Results
Quarterly revenue of $112.2 million Quarterly net loss of ($9.5) million, or net loss margin of (8)% Quarterly Adjusted EBITDA of $9.3 million, or Adjusted EBITDA margin of 8% Company announces $100 million increase to share repurchase program authorization SANTA MONICA, Calif., August 11, 2025--(BUSINESS WIRE)--ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced financial results for the quarter ended June 30, 2025. ZipRecruiter's complete second quarter results, financial guidance, and management commentary can be found by accessing ZipRecruiter's shareholder letter on the quarterly results page of the Investor Relations website at "While the broader labor market remains soft, ZipRecruiter's financial performance shows early signs of momentum. Quarterly Paid Employers have grown sequentially since Q4'24, and the midpoint of our guidance would mark the first time since 2021 that revenue grows sequentially from Q2 to Q3. These trends reinforce our belief that a return to modest year-over-year revenue growth in the fourth quarter is an increasingly likely scenario," said Ian Sigel, CEO of ZipRecruiter. "Through the past three years of this historically challenged labor market, ZipRecruiter has continuously improved our product for both sides of the marketplace, leveraging our brand and financial strength to operate with a long-term focus. We believe we are well-positioned to emerge from this period as a stronger company, poised to capture outsized market share with both employers and job seekers in the years ahead." Additionally, the company announced that its Board of Directors has authorized a $100 million increase to its share repurchase program under which ZipRecruiter may repurchase shares of its outstanding common stock. ZipRecruiter believes investing in undervalued equity is an attractive option in its balanced capital allocation approach. Conference Call Details ZipRecruiter will host a conference call today, August 11, at 2:00 p.m. Pacific Time to discuss its financial results. A live webcast of the call can be accessed from ZipRecruiter's Investor Relations website at An archived version will be available on the website two hours after the completion of the call. Investors and analysts can participate in the conference call by dialing +1 (888) 440-4199, or +1 (646) 960-0818 for callers outside the United States and use the Conference ID 9351892. To listen to the telephonic replay, available until Monday, August 18, 2025, please dial +1 (800) 770-2030 or +1 (609) 800-9909 for callers outside the United States and use the Conference ID 9351892. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding our financial performance showing early signs of momentum, our expected growth and market share, and other statements that reflect ZipRecruiter's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including our ability to attract and retain employers and job seekers; our ability to compete with well-established competitors and new entrants; our ability to achieve and/or maintain profitability; our ability to maintain, protect and enhance our brand and intellectual property; our dependence on macroeconomic factors, including potential unfavorable changes in U.S. trade or other policies, such as U.S. tariff policies, and the potential negative economic consequences thereof; our ability to maintain and improve the quality of our platform; our dependence on the interoperability of our platform with mobile operating systems that we do not control; our ability to successfully implement our business plan during a global economic downturn that may impact the demand for our services or have a material adverse impact on our and our business partners' financial condition and results of operations; our ability and the ability of third parties to protect our users' personal or other data from a security breach and to comply with laws and regulations relating to consumer data privacy and data protection; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States; our ability to achieve desired operating margins; our compliance with a wide variety of U.S. and international laws and regulations; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on our senior management and our ability to attract and retain new talent; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the twelve months ended December 31, 2024 and Quarterly Report on Form 10-Q for the three months ended March 31, 2025 that we filed with the U.S. Securities and Exchange Commission and our Quarterly Report on Form 10-Q for the three months ended June 30, 2025 that we will file with the U.S. Securities and Exchange Commission. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. ZipRecruiter does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin. We define Adjusted EBITDA as our net income (loss) before interest expense, other income (expense), net, income tax expense (benefit) and depreciation and amortization, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenue for the same period. Management and our board of directors use these non-GAAP financial measures as supplemental measures of our performance because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of some items not directly resulting from our core operations. We also use these non-GAAP financial measures for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and to evaluate our capacity for capital expenditures to expand our business. Adjusted EBITDA and Adjusted EBITDA margin should not be considered in isolation, as an alternative to, or superior to net income (loss), revenue, cash flows or other measures derived in accordance with GAAP. These non-GAAP measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP financial measures is an appropriate measure of operating performance because they eliminate the impact of some expenses that do not relate directly to the performance of our underlying business. These non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and Adjusted EBITDA margin are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of our performance. Our measures of Adjusted EBITDA and Adjusted EBITDA margin used herein are not necessarily comparable to similarly titled captions of other companies due to different methods of calculation. RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (UNAUDITED)(in thousands, except net income (loss) margin and Adjusted EBITDA margin data) Quarter Ended June 30, 2025 GAAP net income (loss) $(9,506) Stock-based compensation 12,612 Depreciation and amortization 3,393 Interest expense 7,401 Other (income) expense, net (4,953) Income tax expense (benefit) 396 Adjusted EBITDA $ 9,343 Net income (loss) margin (8)% Adjusted EBITDA margin 8% About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years1 and is rated the #1 employment job site by G2.2 For more information, visit 1 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster.2 Based on G2 satisfaction ratings as of January 10, 2025. View source version on Contacts Investors: Emilio SartoriInvestor Relationsir@ Corporate Communications: Claire WalshPress Relationspress@ Sign in to access your portfolio
Yahoo
22 minutes ago
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ESPN, Fox team up for bundled streaming service in October
Aug. 11 (UPI) -- Disney's ESPN and Fox Corp. on Monday announced the two rivals are joining forces to offer a streaming service to consumers as a bundle for $39 per month. The two media giants announced the service but last week ESPN and Fox each announced separate all-in-one streaming apps. The services can be downloaded on devices, including cellphones and tablets, and can be accessed on smart TVs and gaming consoles. With viewership declining on TV, including cable, media companies have turned to streaming services as a way to boost viewership and revenue. CNBC reported that sports is a way to accomplish this. Last week, both companies announced their services -- ESPN's Direct to Consumer Unlimited Offering and Fox One -- will launch on Aug. 21 before the college football and NFL seasons. But the bundle won't be available until October. ESPN's separate service will cost $29.99 month and Fox's will be $19.99. Also, ESPN will offer a bundle with Disney's other streaming services, Disney+ and Hulu, for $35.99 per month. Besides events, both companies present sports news. The ESPN service will include live sports and programming from its TV networks, including ESPN2, the SEC Network, the ACC Network, as well as Disney-owned ABC. ESPN also reached an agreement last week with the NFL to acquire the NFL Network, including the Red Zone. And ESPN last week signed a deal with the WWW for U.S. rights in 2026 to its biggest wrestling events, including WrestleMania, the Royal Rumble and SummerSlam. In all, ESPN/ABC cover 47,000 live events each year, as well as studio shows and original programming. ESPN and ABC sports include Monday Night Football, college football and basketball, NHL, NBA, Major League Soccer, golf, tennis and motorsports. In addition, an enhanced app will integrate game statistics, betting information, fantasy sports, multi-view options and a "personalize SportsCenter For You," the company said. Fox's parent company offers Tubi and Fox Nation. Fox's sports networks include FS1, FS2 and the Big Ten Network. The company said Fox One won't have original content. Last week, Fox CEO Lachlan Murdoch and Disney CEO Bob Iger said during earnings calls that they were considering offering bundle services. Fox Sports' coverage includes NFL, college football and basketball, Major League Baseball, FIFA World Cup, Major League Soccer, motorsports, WNBA, LIV Golf and boxing. Three other media companies offer sports: Comcast's NBC, Warner Bros. Discovery's TNT and Paramount Skydance's CBS. NBC, which has the rights to the Olympics, has Peacock streaming, and CBS offers Paramount+, services that include sports. TNT doesn't have a specific app but its services can be bundles with other apps. On Monday, Paramount announced plans to televise UFC events starting next year.
Yahoo
22 minutes ago
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DarkIris Inc. Announces Closing of Initial Public Offering
Hong Kong, Aug. 11, 2025 (GLOBE NEWSWIRE) -- DarkIris Inc. (Nasdaq: DKI) (the 'Company' or 'DarkIris'), a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games through various third-party digital storefronts, today announced the closing of its initial public offering (the 'Offering') of 1,725,000 Class A ordinary shares (which includes full exercise of the underwriters' over-allotment option) at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on August 8, 2025 under the ticker symbol 'DKI.' The Company received aggregate gross proceeds of US$6.90 million from the Offering, before deducting underwriting discounts and other related expenses. Net proceeds from the Offering will be used for: (i) expansion of the operations team and rewards to existing team members; (ii) product development, and (iii) working capital and other general corporate purposes. The Offering was conducted on a firm commitment basis. US Tiger Securities, Inc. acted as the sole book runner for the Offering. Loeb & Loeb LLP acted as the U.S. counsel to the Company, and Robinson & Cole LLP acted as the U.S. counsel to US Tiger Securities, Inc. in connection with the Offering. A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the 'SEC') (File Number: 333-288004), as amended, and was declared effective by the SEC on August 7, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from US Tiger Securities, Inc., Attn: 437 Madison Avenue, 27th Floor, New York, NY 10022, or by email at ecm@ or by calling +1 (646)-978-5188. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC's website at Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About DarkIris Inc. DarkIris Inc. is a comprehensive technology enterprise based in Hong Kong, engaged in the development, publishing and operating of mobile digital games through various third-party digital storefronts. The Company conducts its business through its subsidiaries, Quantum Arts Co., Limited and Hongkong Stellar Wisdom Co., Limited. The Company's activities include game design, programming and graphics, as well as the distribution and operation of mobile games across multiple platforms. DarkIris leverages (i) the innovative, creative and technical expertise of Hong Kong's gaming industry community, and (ii) the multicultural environment and diverse interests of mobile game players in the regions. The Company's goal is to create and promote a broader array of engaging, immersive, and captivating mobile game genres for a global audience. The Company is committed to consistently showcasing exceptional strength and unique allure across diverse gaming sectors, leading the way in pioneering advancements within the industry. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'potential,' 'intend,' 'plan,' 'believe,' 'likely to' or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. For more information, please contact: DarkIris Relations DepartmentEmail: dki@ Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: investors@ in to access your portfolio
